Banker’s Guarantee/Standby Letter of Credit | DBS SME Banking Taiwan

Banker’s Guarantee / Standby Letter of Credit

Provide assurance and peace of mind to your beneficiaries

Banker’s Guarantee / Standby Letter of Credit

Provide assurance and peace of mind to your beneficiaries

At a Glance

Reassure your buyers or sellers of payment no matter what happens.

An independent undertaking

Banker’s Guarantees are independent undertakings which help to mitigate payment risks for the beneficiary
Submit your application through any DBS or POSB branch, or DBS IDEAL

Added assurance

We will pay to your beneficiaries upon receipt of a claim that complies with the terms of the guarantee

Easy collection

Pick up your banker’s guarantee from any of our Trade Document Counters and DBS collection branches

Features & Benefits

Uses of Banker's Guarantee / Standby Letter of Credit

Payment Guarantee
Protects the beneficiary if the applicant fails to honour the payment under their contract.

Bid Bond
Enables the applicant (bidder) to use DBS credit to support the bid. Can also be used to assure the successful bidder that the contract will be met.

Performance Bond
Some bidding contracts require the successful bidder to provide a performance guarantee to protect against a default.

Financial Guarantee
This helps the applicant’s overseas subsidiaries obtain financing or credit facilities from banks.

	Conditions of Guarantee
	Can be issued by DBS Singapore or our overseas branches/correspondents, according to the guarantee format provided by the applicant. Guarantees issued in favour of beneficiaries must be for a specific amount, expiry date, and claim period. Guarantees should not be assigned to other parties. Guarantees are subject to Singapore law and the jurisdiction of the Singapore courts.

How it Works

bankers guarantee / standby letter of credit infographics

How to Apply

If you have a trade credit facility with us:

Apply through DBS IDEAL, our online platform
Submit your application form at our Trade Document Counters or collection branches

If you want a cash-backed Banker’s Guarantee, apply online now.

Download PDF

Application Form

FAQs

	When do I apply for a Banker’s Guarantee or a Standby Letter of Credit?
	The beneficiary will specify what to apply for.

	Where do I find the application format?
	You may refer to the standard formats on this page for commonly used BG/Standby LC. Or ask the beneficiary of the BG/Standby LC to provide a format.